$BTC has reclaimed 112K, and we can't be bearish; market sentiment is low, making it suitable for dollar-cost averaging (DCA).
This morning, I listened to NVIDIA's earnings call from last night, and Jensen Huang is very confident about Q4 through 2026 performance. Based on the growth rate he revealed, $NVDA is not expensive at its current valuation;
Last night, $BTC strengthened against the trend, reclaiming the 112K bull-bear dividing line; it needs some time to digest the bearish divergence on the weekly MACD;
$SOL's trading volume exceeded BTC yesterday and is starting to gain momentum — we should hold onto our previous purchases;
Friday's PCE data shouldn't be a big issue, but the nonfarm payrolls on September 5th are crucial. If it remains quiet, the rate-cut trade in both the stock market and crypto will officially begin!
Refer to the chart below: we are currently in a good left-side DCA range for $BTC, $ETH, and $SOL.
The current price is 4595, took profit on $ETH
112.3K sold this part of $BTC
Let the market digest the negative impact of NVIDIA's earnings report miss
TP the rest of $ETH & $BTC at 4595 as the NVDA miss.
21.54K
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